Background
Easterbrook, Frank Hoover was born on September 3, 1948 in Buffalo. Son of George Edmund and Vimy Easterbrook.
(The authors argue that the rules and practices of corpora...)
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.
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Easterbrook, Frank Hoover was born on September 3, 1948 in Buffalo. Son of George Edmund and Vimy Easterbrook.
Bachelor of Arts, Swarthmore College, 1970; Juris Doctor, University of Chicago, 1973.
Law clerk to judge, United States Court Appeals, Boston, 1973-1974; assistant to solicitor general, unites states department Justice, Washington, 1974-1977; deputy solicitor general of the United States, unites states department Justice, Washington, 1978-1979; assistant professor of law, University of Chicago, 1978-1981; professor of law, University of Chicago, 1981-1984; Lee & Brena Freeman professor, University of Chicago, 1984-1985; principal employee, Lexecon Inc., Chicago, 1980-1985; senior lecturer, University of Chicago, since 1985; judge, United States Court Appeals (7th circuit), Chicago, since 1985. Member of advisory commission on tender offers Securities and Exchange Commission, Washington, 1983.
(The authors argue that the rules and practices of corpora...)
Trustee James Madison Memorial Fellowship Foundation, since 1988. Member American Association for the Advancement of Science, American Law Institute, Mont Pelerin Society, Order of Coif, Phi Beta Kappa.